Sunday, Dec 14, 2008
Sterling's torrid run against the euro continued today, with the currency sinking to another record
telegraph: Sterling's torrid run against the euro goes on
The pound slipped to as low as 89.40p against the euro and is now down 21pc from the start of the year, when you needed 73p to buy a euro.
Analysts reckon the news coming from the UK economy, reinforced today by a grim trading update from HBOS, remains worse than that from Europe. Figures earlier this week revealed that industrial production slumped far more than expected in October, and news from the high street has been dominated by a closing down sale from veteran retailer Woolworths.
Posted by chris @ 04:29 AM (138 views) Add Comment
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